Morgan Stanley’s 2025 Midyear Outlooks
"US equity market cap is still the largest in the world, and half of high-quality fixed income is still in US dollars, which is why we're constructive on US assets."
Insights on what may be ahead
Explore in-depth summary analysis from Morgan Stanley investment managers and strategists looking at major asset classes, key investing themes, where the markets may be going, and how investors might respond.
2025 Midyear Investment Outlook: All eyes on the US
6/5/25
Amid slow growth—not no growth—expect reasonable returns from equities, consider an overweight in core fixed income, and favor US assets over the rest of the world.
2025 Midyear Economic Outlook: A widespread deceleration
6/5/25
Global growth is likely to slow in 2025 and 2026 as the shock of higher US tariffs crimps demand around the world.
Money Monday: Exclusive midyear outlook event
6/2/25
Watch the replay to gain more insight on the state of the US economy and the American consumer, plus economic signals to watch in the back half of the year.
Timely discussions on key investing topics
Hear commentary on the latest events and forces shaping the markets in Morgan Stanley’s award-winning Thoughts on the Market podcast.
Why equity markets may be stronger than you think
06/02/25
Our CIO and Chief US Equity Strategist Mike Wilson explains how his outlook on earnings and valuations give him a constructive view on US equities for the next 12 months.
Why interest rates matter again
05/30/25
Our Head of Corporate Credit Research explains why the legal confusion over US tariffs plus the pending US budget bill equals a revived focus on interest rates for investors.
Luxury sector tightens its belt
05/27/25
Live from the Morgan Stanley Luxury Conference in Paris, our analysts Arunima Sinha and Eduoard Aubin discuss the economic and consumer trends shaping demand for luxury goods.
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